December 3, 2014

Microfinance Doing What Conventional Banks Won't

Microfinance Doing What Conventional Banks Won't

FINCA’s President and CEO Rupert Scofield discusses the evolution of microfinance industry in an exclusive interview for CNBC.

“When we started this journey, 30 years ago, we were the big disruptors. We turned the financial industry upside down and we opened it up to millions, hundreds of millions of poor people, who previously had no access to financial services. Now today, we are being disrupted, because everyone is moving to the microfinance space:  big banks, payments companies, big retailers…”